(3)In the Schedule, Part 2, clause 3, insert in their appropriate alphabetical order:

“pre-transition KiwiSaver scheme means a KiwiSaver scheme that continues to be registered in the KiwiSaver schemes register under clause 18(1)(a) of Schedule 4 of the Financial Markets Conduct Act 2013

“pre-transition superannuation scheme means a superannuation scheme that continues to be registered under the Superannuation Schemes Act 1989 under clause 18(1)(b) of Schedule 4 of the Financial Markets Conduct Act 2013

“superannuation scheme—

“(a)has the same meaning as in section 6(1) of the Financial Markets Conduct Act 2013; and

“(b)includes a pre-transition KiwiSaver scheme and a pre-transition superannuation scheme”.

The Minister of Justice considers that it is appropriate to make the amendments because they are necessary to take account of changes made to the Act as a consequence of provisions of the Financial Markets Conduct Act 2013 and related legislation coming into force on 1 December 2014. In particular, they amend provisions of the exemptions so that—